Question: please do this problem i need help. Question 5 of 5 - /5 View Policies Current Attempt in Progress On December 31, 2021, the end

please do this problem i need help.
Question 5 of 5 - /5 View Policies Current Attempt in Progress On December 31, 2021, the end of its first year of operations, Carla Vista Associates owned the following securities that are held as long-term investments. Common Stock Shares Cost cCo. 970 $47,530 D C 5.390 35,574 EC. . 1.155 24.255 On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2022, the following transactions occurred. July 1 Aug. 1 Sept 1 Oct. 1 Received $2.00 per share semiannual cash dividend on D Co.common stock Received $0.50 per share cash dividend on Co.common stock. Sold 1,090 shares of D Co.common stock for cash at $8 per share. B Sold 280 shares of C Co.common stock for cash at $51 per share. C $ Received $1 per share cash dividend on E Co.common stock E . Received $0.50 per share cash dividend on C Co.common stock. Received $2.10 per share semiannual cash dividend on D Co.common stock Nov. 1 Dec. 15 31 At December 31, the fair values per share of the common stocks were C Co. $48, D Co. $6.40, and E Co. $25. These investments should be classified as long-term (a) Journalize the 2022 transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Cre V > V Post to the account Stock Investments Stock Investments e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer 5
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
